Moving home?
With the way things are at the moment I'm at a bit of a loss as to what to do homewise. I currently own a two bed house that I live in with my hubby and boy. We would like another child not too long after this one (start trying in about a year). We really couldn't have a second here as we only have one double and one single bedrom.
We bought our house before all the house prices and interest rates went up 2 years ago. We borrowed about 112% mortgage with northern rock (groan). Good thing is we know our house is worth more than we borrowed so we won't make a loss. Problem is it wil cost 4% of the total mortgage to end it (3 1/2 yars left) or we could go for top up. Not sure what to do. We could only afford to borrow another ??25-30,000 which would get us a 3 bed no problem (as they arent selling just now).
The house at the end of our row has been on the market for 2 months and still not sold. We hope it will sell soon so we can see what it goes for/how long it will take. It's all a bit of a nightmare! We have never sold a house before!
We bought our house before all the house prices and interest rates went up 2 years ago. We borrowed about 112% mortgage with northern rock (groan). Good thing is we know our house is worth more than we borrowed so we won't make a loss. Problem is it wil cost 4% of the total mortgage to end it (3 1/2 yars left) or we could go for top up. Not sure what to do. We could only afford to borrow another ??25-30,000 which would get us a 3 bed no problem (as they arent selling just now).
The house at the end of our row has been on the market for 2 months and still not sold. We hope it will sell soon so we can see what it goes for/how long it will take. It's all a bit of a nightmare! We have never sold a house before!
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But at the moment we want to leave the country but with house prices the way they are it looks like we might have to stick around as our fixed period is over in Feb and there is no way we can sell then as i know we wont really make a loss as such but we wont make as much of it either, and also the houses just aint selling at the moment the one round the corner has been on the market for months now and the worst thing is where we live everyone wants to live this is the first time that houses have sold slow normaly the houses here sell with in less than a week.
With wanting another baby also count into it how long you plan to weight to try, how long it will take, how long you will be pregnant and also how long the baby will be sleeping in with you for, it all adds up and if you plan for moving around the time the baby will be out of your room then you might be able to hold of intill the end of your fixed period so you dont have the fee, and hopefully by then the house market might have sorted its self out by then lol x
Good luck with your move, hope you get sorted soon!
xx
I'm desperate to sell, the house next door to us is rented and the neighbours are abit of a nightmare. Also with falling pregnant so soon (i'm still at uni but recive a bursary) I've had to give up my part time job as a care assistant and now we only have ??48 spare at the end of each month after everything is paid!
Our fixed price mortgage ran out two months ago and its gone up a massive ??150 a month, but we cant get a new one with the house being up for sale.
So frustrating!